India needs reforms to raise gold recycling, World Gold Council says


From the Press Trust of India
via The Times of India, Mumbai
Thursday, January 22, 2015

MUMBAI, India -- India needs to take a leaf out of Turkey's book, which has undertaken gold reforms that helped bring out "stocks under the pillow," to reduce imports and curb smuggling, the World Gold Council today said.

"This is the right time to bring in gold reforms in the country instead of putting on more curbs to curtail demand," the council's managing director for India, Somasundaram PR, said today, quoting the report, "Turkey: Gold In Action."

"This will help in bringing out 'stocks under the pillow' and hence increase recycling, which will help in reducing imports and smuggling," Somasundaram said. ...

... For the remainder of the report:

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The World Gold Council's "Turkey: Gold in Action" report is posted at the council's Internet site here:


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